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EXPANSION, GROWTH AND CHANGE

"We have grown financially and I am extremely pleased to see that this focus will be further strengthened with the appointment of Tim Taylor to the leadership position."

David A. Parker, Founding President, Board Member and Vice Chairman

The past year has been eventful for our bank. We opened our second full-service office in Tarboro and celebrated our fifth anniversary. Loans and deposits continued a steady upward pace and I was honored to be appointed to succeed the bank's founder, David A. Parker, who retired as president and CEO in January 2006.

I'm a career banker in Rocky Mount with more than 22 years of financial services experience. My background is in retail banking, mortgage and commercial lending. I am pleased to be part of the management team at First Carolina serving the communities in Nash and Edgecombe counties.

Rocky Mount has warmly embraced First Carolina as its hometown bank since the bank was founded in 2000. Likewise, the Tarboro community has done the same with our new office there. More than 200 people attended the grand opening in Tarboro last April and deposits grew by more than $583,000 on that one day alone. Steve Cobb has been the manager of the loan production office we opened in Tarboro in 2003, so he was the natural choice to be the manager of the full-service office. He has hired a staff of veteran Tarboro bankers and formed an advisory board composed of seven business leaders from the Tarboro community.

Our fifth anniversary celebration in November was well received by our loyal customers in Rocky Mount. We are happy and proud to be serving our local communities and we look forward to helping small and mid-sized businesses thrive. It is good to be with a bank that cares about its customers and its community.

Timothy N. Taylor, President & CEO



First Carolina State Bank | Timothy N. Taylor | President & CEO
171 North Winstead Avenue | Rocky Mount, NC 27804 | 252-937-2152 |
www.firstcarolinastatebank.com
Tarboro Office | 2102 N. Main Street | Tarboro, NC 27886
Founded: November 27, 2000

Board of Directors
Samuel E. Anderson
Co-Owner
Fountain Roberson
& Anderson Insurance Agency

Peggy M. Braswell
Retired

Richard C. Davenport
President
Calvin Davenport, Inc.

Kathe M. Henke
Retired

Bruce D. Jones
President, Southeast Region
Capitol Bancorp Limited

W. H. Kimball
Retired Vice President of Sales
Kenan Transport
David A. Parker
Retired President
First Carolina State Bank

James E. Rabil
President
Chambliss & Rabil Contractors, Inc.

Joseph D. Reid III
Director of Bank Development
Capitol Bancorp Limited

Charles D. Smith
President & CEO
First Carolina Communications, Inc.

Dr. Randall C. Stewart
President & Physical Therapist
Carolina Physical
Therapy Contractors
Timothy N. Taylor
President & CEO
First Carolina State Bank
Officers
Dr. Randall C. Stewart
Chairman

David A. Parker
Vice Chairman

Timothy N. Taylor
President & CEO

Kathe M. Henke
Secretary

James R. Rose Jr.
Executive Vice President
Reuben M. Harris
Senior Vice President

Steven M. Cobb
Vice President

John R. Johnson
Vice President

Edward G. Taylor
Vice President


© Copyright 2006 Capitol Bancorp Limited